Business & Markets

Trans Mountain Pipeline Cost Jumps by Two-Thirds to C$12.6 Billion

The Canadian government-owned Trans Mountain oil pipeline is expected to cost C$12.6 billion ($9.47 billion) to expand, a sharp increase from the previous estimate of C$7.4 billion, the pipeline company’s chief executive said on Friday.

TechnipFMC Tells Energean Virus may Delay FPSO Project

Gas producer Energean said on Thursday it had been told by TechnipFMC, which is building a vessel it needs to begin Israeli offshore production, that the coronavirus was a force majeure event.

ARB Midstream Announces New Connection to Pipeline System in DJ Basin

DJ South Gathering, LLC, a subsidiary of ARB Midstream, LLC has announced an expansion of its crude oil gathering and transportation system in the prolific DJ Basin in northeastern Colorado.

Parsley Energy CEO Calls out Industry for Shale Gas Flaring

The chief executive of shale producer Parsley Energy on Wednesday became the latest executive to call out the industry on its high rate of natural gas flaring in the top U.S. oil field.

France's Total Rejects Force Majeure Notice from Chinese LNG Buyer

French oil major Total has rejected a force majeure notice from a buyer of liquefied natural gas (LNG) in China, a Total executive said during the company's full-year results presentation on Thursday.

China's Biggest LNG Importer Declares Force Majeure as Virus Spreads - Sources

China National Offshore Oil Corp (CNOOC), the country's biggest importer of liquefied natural gas (LNG), has suspended contracts with at least three suppliers amid the rapid spread of the coronavirus, two sources said on Thursday.

Inpex Executive Says Global LNG Oversupply to Continue into Mid-2020

Oversupply in the global market for liquefied natural gas (LNG) could extend until the middle of the year but then ease as demand from southeast Asia and India picks up, an executive from Japanese oil and gas firm Inpex Corp. told Reuters.

Oil, Gas Imports into China Tumble in Wake of Virus

Short-term sales of crude oil and liquefied natural gas into China almost ground to a halt this week as the coronavirus slows economic activity and cuts demand and buyers ponder legal action to avoid having to honor purchase agreements, trade sources said.

Noble Midstream and Greenfield Midstream Exercise Saddlehorn Option

Noble Midstream Partners LP (Noble Midstream) and Greenfield Midstream LLC “Greenfield Midstream) have acquired a 20% interest in the Saddlehorn Pipeline through their Black Diamond Gathering LLC (Black Diamond) joint venture.

Plains All American Pipeline Volumes Get Boost from Cactus II

Plains All American Pipeline LP said on Tuesday crude volumes on its Permian basin systems rose during the fourth quarter, thanks in part to higher flows on the Cactus II pipeline, which went into service in August.

Russia, Belarus Leaders Meet Amid Oil Supply Tensions

The presidents of Russia and Belarus, Vladimir Putin and Alexander Lukashenko, will meet on Friday, the Kremlin said, as the oil row between the two rolls into a second month, forcing Minsk to look for crude from as far afield as the United States.

Canadian Court Dismisses Challenge to Trans Mountain Expansion

Canada's Federal Court of Appeal on Tuesday dismissed a challenge to the approval by Prime Minister Justin Trudeau's government of the Trans Mountain oil pipeline expansion, clearing some uncertainty from the project.

Explorer Pipeline Launches Open Season on Explorer Pipeline System

Explorer Pipeline Company (Explorer) has announced a binding open season to secure shipper commitments to support the development of proposed new transportation service on Explorer’s pipeline system from its existing U.S. Gulf Coast receipt points to a new destination point in Galena Park, Texas (Project).

U.S. Flared, Vented More Natural Gas Again in 2019 - Data

The U.S. drilling industry flared or vented more natural gas in 2019 for the third year in a row, as soaring production in Texas, New Mexico, and North Dakota overwhelmed regulatory efforts to curb the practice, according to state data and independent research estimates.

Petronet LNG, Tellurian to Sign $2.5 Billion U.S. Gas Deal This Month

India's top gas importer Petronet LNG and U.S. liquefied natural gas (LNG) developer Tellurian Inc are preparing to sign a $2.5 billion deal during President Donald Trump's maiden visit to New Delhi later this month, two sources familiar with the matter said.

Enbridge Line 3 Receives Minnesota Regulator Approval

A Minnesota regulator ruled on Monday that a revised environmental impact statement for Enbridge Inc’s Line 3 oil pipeline replacement is adequate, helping to clear a significant hurdle for the long-delayed project .

Canada’s Imperial Oil: 'It Makes Good Economic Sense' to Move Crude by Rail

Canada's Imperial Oil Ltd on Friday vowed to move more crude-by-rail to take most advantage of exemptions on production curtailments imposed by the Alberta government.

Russia's Transneft Faces up to $1 Billion in ‘Dirty Oil’ Claims: Sources

Russian oil pipeline monopoly Transneft faces claims of up to $1 billion related to contaminated oil, more than double its own estimates, industry sources said, setting the stage for protracted haggling with oil suppliers.

U.S. FERC Sides with PennEast Pipeline NJ Eminent Domain Case

The U.S. Federal Energy Regulatory Commission on Thursday supported the view of companies developing the $1 billion PennEast natural gas pipeline that they can use federal eminent domain to gain access to properties owned by New Jersey.

Enbridge Defends Long-Term Mainline Contract Plans Amid Criticism

Facing criticism, Canadian pipeline company Enbridge Inc said on Thursday its plan to sell nearly all capacity on the Mainline oil network was fair and would benefit the western Canadian industry.

Kazakhstan Halts Contaminated Oil From Spreading Outside the Country

Kazakhstan has contained the spread of contaminated oil within its borders by reducing exports to China and altering the schedule of supplies to domestic refineries, energy ministry and pipeline operator KazTransOil said on Wednesday.

MPLX Says Reversed Capline Pipeline to Begin Light Crude Service in Mid-2021

MPLX LP said on Wednesday the reversal of the Capline pipeline was progressing as planned, with the line on track to begin light crude service in mid-2021 and heavy crude service in 2022.

CN Rail Expects Crude Shipments to Drive Growth in 2020

Benefiting from congested pipelines, Canadian National Railway said it sees crude shipments as a growth driver in the year. Alberta eased curtailments in October, allowing producers to ship additional oil by rail.

LNG, the 'Champagne' of Fuels, Should Enjoy Its Beer Moment

It's been an extremely weak start to the new decade for LNG with spot prices in Asia falling to more than 10-year lows, but it's not all doom and gloom for an industry that sees itself as part of the solution to climate change.

Air Liquide Pumps Hydrogen to Saudi Aramco in Shift From Oil

Air Liquide Arabia on Tuesday began pumping hydrogen through its $400 million pipeline network in Saudi Arabia’s Red Sea city of Yanbu and will supply a Saudi Aramco refinery as the kingdom seeks to shift towards cleaner fuel.

Qatar Rejects India Proposal to Delink LNG Deals from Crude

India wants Qatar to delink the price of its imported gas from that of oil under long-term deals to make supplies cheaper, India's oil minister said, but Qatar isn't interested in renegotiating.

Pembina Withdraws Jordan Cove Application, Holds Out for Federal Approval

Pembina Pipeline Corporation (Pembina) has withdrawn its application for a state permit for the Jordan Cover natural gas pipeline and export terminal in Oregon.

Cameron Seeks More Time to Build Second Phase at Louisiana LNG Plant

Cameron LNG asked U.S. energy regulators for a 72-month extension until May 2026 to build the second phase of the joint venture’s Cameron liquefied natural gas (LNG) export plant in Louisiana.

Cheniere Becomes First Global Producer to Export 1000th LNG Cargo

Cheniere Energy has announced that it has produced and exported its 1000th cargo of liquefied natural gas (LNG).

Total, Tullow Launch Joint Sale of Stakes in Kenyan Oil Project - Sources

Total and Tullow Oil aim to reduce their stakes in Kenya's first oil development with a joint sale that could see Tullow exit completely amid uncertainty over the project's launch, banking and industry sources said.